Quantum computing

AI-powered agentic commerce creates new risks and opportunities requiring the orchestration of these dominant networks (as will quantum computing, eventually).

The core driver of performance was a massive decline across low-quality, long-duration equities, including the quantum computing names.

More than half of recent SPAC issuance has come from repeat sponsors, while deal activity has increasingly focused on capital-intensive industries including AI infrastructure, power generation and quantum computing, where the ability to raise committed capital and provide a defined path to the public markets can make the SPAC structure particularly attractive.

The topics at this meeting were diverse and ranged from the clock frequency of the brain, the neural coordinates system and the status of quantum computing to super cap batteries, tandem solar cells and global food security.

The largest detractors to relative performance were security selection in Information Technology (owning Everforth coupled with not owning SanDisk or quantum computing stocks and non-earning SaaS companies) and Industrials coupled with overweight allocations to Materials and Energy.